Airtel Uganda reports lower 2023 pre-tax profit [Reuters]
MTN GROUP LTD S/ADR (MTNOY)
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Source: Reuters
The firm, a unit of Indian telecoms giant Bharti Airtel, was listed on the Uganda Securities Exchange (USE) last year after a heavily undersubscribed initial public offering. It earned 426.8 billion Ugandan shillings ($108.9 million) in pre-tax profit last year. Airtel competes with a unit of South Africa's MTN Group (MTNJ.J) , opens new tab in the east African country. ($1 = 3,920.0000 Ugandan shillings) Reporting by Elias Biryabarema, Editing by Bhargav Acharya Our Standards: The Thomson Reuters Trust Principles. , opens new tab
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